Houseware company Borosil Renewables announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue: Rs 373.54 crore vs Rs 283.21 crore, during Q4FY24 (YoY change: 31.9%) EBITDA: Rs 27.36 crore vs Rs -20.82 crore, during Q4FY24 (YoY change: 231.5%) EBITDA Margin: 7.3% vs -7.3%, during Q4FY24 (YoY change: +199.7%) Interest: Rs 9.54 crore vs Rs 3.16 crore, during Q4FY24 (YoY change: -201.6%) Depreciation: Rs 36.24 crore vs Rs 33.58 crore, during Q4FY24 (YoY change: -7.9%) PBT: Rs -18.42 crore vs Rs -57.56 crore, during Q4FY24 (YoY change: 68.0%) PAT: Rs -29.53 crore vs Rs -53.32 crore, during Q4FY24 (YoY change: 44.6%) FY25 Financial Highlights: Revenue: Rs 1,479.33 crore vs Rs 1,373.69 crore, during FY24 (YoY change: 7.7%) EBITDA: Rs 92.84 crore vs Rs 74.85 crore, during FY24 (YoY change: 24.0%) EBITDA Margin: 6.3% vs 5.4%, during FY24 (YoY change: 15.2%) Interest: Rs 31.55 crore vs Rs 29.22 crore, during FY24 (YoY change: -8.0%) Depreciation: Rs 135.42 crore vs Rs 131.72 crore, during FY24 (YoY change: -2.8%) PBT: Rs -41.74 crore vs Rs -86.09 crore, during FY24 (YoY change: 51.5%) PAT: Rs -86.97 crore vs Rs -50.27 crore, during FY24 (YoY change: -73.0%) Result PDF
Borosil Renewables declares Q4FY22 result: During the quarter, the Company achieved Net Sales of INR 179.1 Cr., a decrease of 8% over the corresponding quarter of the previous year. The average ex-factory prices of tempered solar glass during the quarter were lower by about 14% compared to the corresponding quarter in the previous year as the higher volumes helped contain the decline in sales value to 8%. Export Sales during Q4FY22 (including to customers in SEZ) were INR 39.3 Cr. (INR 38.9 Cr. in the corresponding quarter), comprising 21.9% of the turnover. EBITDA during the quarter was INR 62.4 Cr. corresponding to an EBITDA margin of 34.9% as compared to a margin of 55% in Q4FY21. The lower EBITDA margin was mainly due to lower ex-factory realizations and higher input costs as compared to the corresponding quarter. During the year, the company recorded Net Sales of INR 644.2 Cr., an increase of 28% over the previous year. The average ex-factory prices of tempered solar glass during the year were about INR 133 per mm as compared to INR 119 per mm in the previous year. Export Sales during the year FY22 (including to customers in SEZ) were INR 171 Cr. ( INR 110 Cr. in the corresponding period), comprising 26.6% of the turnover. EBITDA during the year was INR 265 Cr. corresponding to an EBITDA margin of 41.1% as compared to a margin of 40.4% in the previous year. The higher EBITDA margin was led primarily by better ex-factory realizations even after absorbing higher landed cost of inputs, higher production and state Government subsidies (INR 9.7 Cr). PAT during the year was INR 165.9 Cr. corresponding to an PAT margin of 25.7% as compared to a PAT margin of 17.8% in FY21. Result PDF
Borosil Renewables declares Q3FY22 result: During the quarter, the Company recorded Net Sales of INR 168.5 Cr., an increase of 20% over the corresponding quarter of the previous year. The average ex-factory prices of tempered solar glass during the quarter were about INR 141.4 per sqm per mm as compared to INR 112.6 per sqm per mm during the corresponding qtr in the previous year and INR 118 per sqm per mm in the previous qtr. Export Sales during Q3FY22 (including to customers in SEZ) were INR 44.6 Cr. (INR 36.6 Cr. in the corresponding quarter), comprising 26.5% of the turnover. EBITDA during the quarter was INR 75.5 Cr. corresponding to an EBITDA margin of 44.8% as compared to a margin of 38.3% in Q3FY21 and 36.7% in the previous quarter. The higher EBITDA margin was led primarily by better ex-factory realizations as compared to the corresponding quarter which contributed to better margins even after absorbing higher landed cost of inputs. Higher EBITDA led to an increase in the profit after tax. The company recorded a PAT of INR 45.7 Cr for the qtr During the nine months, the company recorded Net Sales of INR 465.2 Cr., an increase of 51% over the corresponding period of the previous year. The average ex-factory prices of tempered solar glass during the nine months were about INR 133 per sqm per mm. Export Sales during nine months of FY22 (including to customers in SEZ) were INR 131.9 Cr. ( INR 71.6 Cr. in the corresponding period), comprising 28.3% of the turnover. EBITDA during the nine months was INR 202.6 Cr. corresponding to an EBITDA margin of 43.6% as compared to a margin of 31.2% in the corresponding period of the previous year. The higher EBITDA margin was led primarily by better ex-factory realizations even after absorbing higher landed cost of inputs. The company has in first 9 months already earned EBITDA in excess of last full year. Higher EBITDA led to an increase in the profit after tax. The company recorded a PAT of INR 119.5 Cr for the nine months. Result PDF
Financial Performance Highlights; During the quarter, the company recorded Net Sales of INR 160.52 Cr, an increase of 41% over the corresponding quarter of the previous year contributed partially by production/sales volume and the selling prices. The average ex-factory prices of tempered solar glass during the quarter were about INR 118 per mm. Though there was a gradual reduction from the peak prices since May 2021 which led to a lower average realization compared to the previous quarter. However, the average prices during the quarter are still higher than the prices in Q2FY21 by about 20%. Export Sales during Q2FY22 (including to customers in SEZ) were INR 55.10 Cr. (INR 21.6 Cr in the corresponding quarter), comprising 34.3% of the turnover. EBITDA during the quarter was INR 58.91 Cr corresponding to an EBITDA margin of 36.7% as compared to a margin of 28.4% in Q2FY21. The higher EBITDA margin was led primarily by better ex-factory realizations. This along with higher productivity over the corresponding quarter contributed to better margins even after absorbing higher landed cost of inputs. During the half year, the company recorded Net Sales of INR 296.66 Cr, an increase of 76% over the corresponding quarter of the previous year. The average ex-factory prices of tempered solar glass during the half year were about INR 130 per sqm per mm. Export Sales during H1FY22 (including to customers in SEZ) were INR 87.30 Cr.( INR 35 Cr in the corresponding period), comprising 29.4% of the turnover. EBITDA during the half year was INR 127.10 Cr corresponding to an EBITDA margin of 42.8% as compared to a margin of 25.3% in Q2FY21. The higher EBITDA margin was led primarily by better ex-factory realizations even after absorbing higher landed cost of inputs. There is a general upward trend in commodity prices. Input costs for us also show a rise particularly in the case of Natural Gas and Soda Ash. The prices of most of the solar components as well as modules have risen in the recent past. The solar glass selling prices globally started recovering gradually from September end and are currently about 18-20% higher than the average prevailing in the quarter ended September. Result PDF